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  3. Study Set
    Microeconomics Theory with Applications
  4. Exam
    Exam 18: Assymmetric Information, the Rules of the Game, and Externalities
  5. Question
    Why Are Transaction Costs Fundamental for the Analysis of Property
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Why Are Transaction Costs Fundamental for the Analysis of Property

Question 18

Question 18

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Why are transaction costs fundamental for the analysis of property rights?

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By definition, transaction cost are the ...

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